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Nov 20, 2013 3:00pm EST
, steve liesman and rick santelli. and plus bars and ton. is rick santelli there or is that him there? >> i'm here. >> steve liesman, let's start with you. what did the minutes say that spooked the market? >> that a taper is coming in the coming months if the economy performs according to the fed's forecast. that forecast is for a gradual improvement or acceleration in growth to 2014. not necessarily expected at the end -- in the fourth quarter because you'll probably get weak growth. that's why i would rule out a december taper. that it's coming in the coming months and the fed is looking for a we to do that in a way that doesn't cause the market to bring forward when it would raise interest rates. >> what does that mean about investing? what did you hear as an investor trying to allocate capital across? jason pride, jump in there in terms of allocating capital. what does this mean to you today, the minutes? >> one of the most important things people keep missing is the fed needs to taper in order to remain as stimulative as they have been before. one of the things that is coming abo
Nov 6, 2013 3:00pm EST
president bush also with us our own steve liesman. gentlemen, good to see you. >> good to be here, maria. >> explain the theory. >> well, look, if obama care fails because of the website, well, then that's terrible for the president. let's say it succeeds and give it the benefit of the doubt and say the president is right and 30 million people sign up, and they start getting insurance, but they start paying premiums. those premiums maybe they'll be a bargain, $100, $200 a month. >> they haven't been a bargain. i see your point. >> let's give the president all the credit and say it's going to work. that's by my calculations about $77 billion of spending by consumers that they won't have to spend at mcdonald's and target and ford motor -- that's a lot of money. more than the president's stimulus plan spent on infrastructure or for tax cuts. it could be in an economy right now where consumers look a little bit shaky, it could be just enough to dislodge us from this tentative recovery. >> steve, you on board? >> not exactly. and i question todd advisedly because he's taught me about economic
Nov 11, 2013 3:00pm EST
exchange today. we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks have rallying. look at tesla, i realize there's fires going on there but secondary stocks have had huge rallies. i think what you're going to start to see as fundamentals, granted, on the slow basis, start to improve you'll see core stocks continue to pick up momentum. >> maria? >> neil hennessey, what about momentum? they have been driving the day all this year and then when they started to roll over the last couple of weeks. would you put new money in the market now and where are the groups that lead, if in fact we were to see the rally continue? >> if you're not in the market at all, you should be committ
Nov 12, 2013 3:00pm EST
, he took at shot at you. do you want to answer him? >> i don't to want take steve liesman's job away from him. the truth is interest rates went up and market went up. that's good. i don't disagree with rick on many issues. however, on this one, i think the world is getting better. only by a little, but getting better. ceos are doing a great job. i think we can handle getting rid of this mystery, getting rid of this qe. >> i agree. why did they stop going down the taper road then? what you said makes sense. the fed doesn't think so. they don't have the confidence you do, i guess. >> i look at the markets, the ceos, i'm happy to stay in -- i don't. expect the world but i'm happy to stay in. tapering, if they do it right, god knows what that means, we'll be all right. >> how do you want to allocate capital? anthony chan, what would you be doing in terms of recommending folks allocating capital here? czink right now, maria, when you look at price earnings ratio, and if we use our expectation for the s&p 500 of maybe $115, much lower than the market which is expecting $120, $122, a price
Nov 13, 2013 3:00pm EST
and steve grasso. david, everyone is talking about janet yellen and her testimony to the banking committee tomorrow as they begin the confirmation hearings for her fed chairmanship. what do you expect her to say? >> well, i expect her to say that she is data-dependent. i think these going to try to avoid getting labeled as a dove or hawk. i think she'll say she's essentially an academic by nature so she's going to look at the numbers and the numbers are going to govern fed policy. but i think there's a fundamental contradiction here. you can't say -- assure people rates will be low forever but then just say you're going to watch the data. in a way i think she'll build herself into a trap by which she'll be forced to gradually tighten as she's fed chair because of her data-dependency. >> so, steve grasso, what kind of a trade are you seeing ahead of what we learn from yellen and that testimony? how do you think the institutions react to it? >> i think we'll see more of what we have been seeing, sort of to david's point. i don't think she'll say anything different than chairman bernanke. you
Nov 19, 2013 3:00pm EST
a story that the jobs report was doctored? steve liesman's been digging into that all day. he brings us his latest findings still to come on the "closing bell." i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. >>> welcome back. well, there has been a lot of talk surrounding the bitcoin mania. what exactly is a bitcoin? >> i'm glad you asked. we put together a lit
Nov 4, 2013 3:00pm EST
the consumer when it comes to selling blackberries? >> i mean i think we learned from steve jobs you know you can't make products that are just good enough. that's not going to sell to the consumer. and blackberry has made products that are just good enough. they don't delight consumers. >> she's basically saying, the company doesn't work for you what you want it to work for for consumers. >> i actually 100% agree with her in the sense i don't think it's meant for the everyday consumer. they tried competing head to head with the iphone saying we can match the iphone feature by feature. the people who have their blackberries and still have them -- the five sitting out here are not choosing it for the same reason people choose it for android or iphone. they choose it for productivity. >> for me and for a lot of us out here we choose the blackberry because it's good a real keyboard. this is the new q10 that i have. but you have the new -- what is it the z30. >> z30. >> there is no ski board. >> absolutely no keyboard. this is clearly a consumer play. >> the company's con
Search Results 0 to 6 of about 7